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Bears the loss for a shipment of missing watches

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Reference no: EM131486052

Directions: Read "Entrepreneurship in Action: Who Bears the Loss for a Shipment of Missing Watches," in Chapter 19 on page 663. Answer the following questions:

  • What mistakes did Karinol Corporation and Pedro Pestana make when they created the contract for the sale of the watches? 
  • In the absence of an agreement on risk of loss and specific shipping terms in the parties' contract, what kind of contract will the court rule this is?
  • Who will prevail in this case?
  • What could the losing party have done to protect against the loss or theft of the watches?

Reference no: EM131486052

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